Question

A major advantage of a franchise is that

a. the parent company has strict operating standards.
b. the franchisee can launch new product lines.
c. the parent company provides guidance on running the business.
d. the franchisee can choose their own suppliers.

Answer 1

A major advantage of a franchise is that the parent company guides running of the business, offering training and support to increase the franchisee's chance of success.

Step-by-step explanation:

A major advantage of a franchise is that the parent company guides the running of the the business. This means that the franchisee can benefit from the experience and expertise of the parent company, which can increase their chances of success. The parent company can offer training and support in areas such as operations, marketing, and customer service, helping the franchisee to run the business more efficiently and effectively.

Answer 2

A major advantage of a franchise is that C. THE PARENT COMPANY PROVIDES GUIDANCE ON RUNNING THE BUSINESS.

When you franchise a business, the parent company has strict operating standards that every franchisee can follow. They must adhere to the mandates of the parent company. This is because the franchisee only bought the rights to use an existing business trademarks, brands, and propriety knowledge. Success of the franchisee is dependent on his or her compliance to the parent company's standards.